Tax Incentives Blog

4 Questions To Ask New Hires Before Day Two To Secure Employment Tax Credits

Written by Stephanie Cornejo Banuelos. Updated Feb 8, 2019.

Timing is everything. A universal truth that can be applied to almost every moment in life where a decision or action can change the course of things to come. The swing of a baseball bat, the delivery of a comedian’s punchline, leaving work five minutes late, or gathering enough courage to strike up a conversation before the next train stop…all moments that can make a difference.

Now, while the potential ramifications to one’s destiny may not be quite as profound, timing is also very important when it comes to your business capitalizing on employment incentives.

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It’s Not Lonely in the Lone Star State! More Businesses Call Texas ‘Home’

Written by Ted Marquardt. Updated Feb 6, 2019.

On the heels of the record-setting incentive package of more than $1.5 billion in grants and tax breaks from New York state that Amazon stands to get for bringing at least 25,000 workers to a new campus in Queens, New York Gov. Andrew Cuomo was quoted as saying, “All things being equal, if we do nothing, they’re going to Texas.”

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‘WHO WHO’ are my WOTC qualified workers?

Written by Stephanie Cornejo Banuelos. Updated Jan 26, 2019.

For those of us that provide Work Opportunity Tax Credit (WOTC) services to business owners, it is easy to assume that most business owners are bird lovers. The perception that they are ornithology enthusiasts comes from frequently hearing many of them attempt their best Barred Owl imitation.

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Elephant in the Room: IRS Addresses WOTC Certification Delays

Written by Ted Marquardt. Updated Jan 15, 2019.

There it is. Slowly lumbering around…back and forth. Everyone is keenly aware of its presence. In fact, it cannot be ignored. An immovable obstacle…a disconcerting distraction of mammoth proportions. With it comes a sense of helplessness, as your business and thousands more like it across the country are faced with the five-ton frustration of certification delays for the WOTC (Work Opportunity Tax Credit), and the burden of amended return filings.

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You Complete Me: CPA Firms Partner with Tax Consultants to Attract Business

Written by Darren Labrie. Updated Jan 9, 2019.

There is no shortage of famous movie quotes in the lexicon of pop culture, and the phrase “You complete me” uttered by Tom Cruise in the film Jerry Maguire certainly belongs somewhere at the top of the list. While expressed with complete sincerity in the film to his love interest, the phrase has enjoyed longevity having been oft quoted, sometimes as a comedic device, such as in the film Austin Powers and the TV show The Office, and in the deranged rantings of the villainous Joker in the Batman film The Dark Knight.

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Employment Incentives: The Gravy To Your Turkey This Season

Written by Stephanie Cornejo Banuelos. Updated Nov 13, 2018.

Thanksgiving will soon be here, a time for family and friends to gather around the dining room table and show appreciation for each other while celebrating with a bountiful turkey dinner and all the trimmings. And with this tradition, there is a phrase that many will hear drifting across the table…"Please pass the gravy.” As if the turkey, mashed potatoes, and stuffing aren’t enough for a succulent feast, here comes the gravy, a delicious, mouth-watering reward resulting from hours of toil preparing the feast.

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State Incentive Spotlight: Georgia Investment Tax Credit

Written by Stephanie Cornejo Banuelos. Updated Oct 13, 2018.

The Georgia Investment tax credit is designed to service two specific industries; Manufacturing and Telecommunications.  The intent is to help these industries grow by making it more affordable to expand and improve facilities. Investment tax credits can be used to offset up to 50 percent of a company’s Georgia corporate income tax liability. If the earned credit exceeds that limit, then the unused credit can be carried forward up to 10 years and applied to future years’ tax liability. Taxpayers generally claim one of the three Georgia credits for the same project and/or jobs. The credits available are (1) the Investment Tax Credit, (2) the Job Tax Credit, and (3) the Quality Job Tax Credit.

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Making A Move To CTI – WOTC Success Story

Written by Stephanie Cornejo Banuelos. Updated Sep 11, 2018.

Client Profile:

Industry: 

Mobile Auto Repair

Previous WOTC provider: 

National Payroll Company

Number of Annual Hires: 

2,800



Current WOTC Performance:

  • 97% Screening Compliance
  • $34,000 Annual WOTC
  • 12% Qualification Rate
  • $12 Average Credit per Hire
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WOTC Keeps the Home Healthcare Industry Thriving!

Written by Stephanie Cornejo Banuelos. Updated Aug 6, 2018.

The home health care industry is booming and according to the Bureau of Labor Statistics, approximately 1.3 million additional jobs within the home healthcare field will be added through 2020. In fact, they report that those working in home healthcare positions will see a 69 percent growth through 2020.  One reason why the home healthcare industry is seeing such accelerated growth is the increase in demand of home healthcare services and facilities. As millions of people reaching an age where they will need some sort of home healthcare. Thus, increasing the expanse of the industry.

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4 Reasons Why Employment-Based Tax Credits Are A Win for Your Staffing Company

Written by Stephanie Cornejo Banuelos. Updated Jun 13, 2018.

With the cost of doing business consistently on the rise and as it becomes more difficult to find/retain great employees, companies are turning to staffing agencies to assist them with their employment needs.  This is great for staffing agencies and there is no better time to pursue employment-based tax credits than now.  There are both federal and state employment-based credits available that can help businesses offset income tax liability.  Some of these programs are based on the creation of net new jobs while others are offered to employers for employing individuals from specific target groups.  The most popular of these programs is the Federal Work Opportunity Tax Credit (WOTC).

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